Sentiment: Strong Buy
You might end up being right, just that the day described might be off by a week!
I think $12.20 that we reached during the last week with heavy volume did the magic of settling puts/calls leap options. I thought it will or should hit $12.50 but we were almost near by hitting $12.20.
Now it's all about rating for MBIA to rally.
Where do we stand after last weeks bloodbath going forward?
do you think mbi falls back after options expire friday?
yes... max pain in full effect